Hostess’ stock soars toward a record after J.M. Smucker buyout deal valued at $5.6 billion

Hostess’ stock soars toward a record after J.M. Smucker buyout deal valued at $5.6 billion

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Shares of Hostess Brands Inc. shot up into record territory Monday after the Twinkies and HoHos maker announced an agreement to be acquired by J.M Smucker Co. in a cash-and-stock deal valued at $5.6 billion. The stock TWNK, jumped 17.9% in premarket trading, to put it on track to open well above…

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